Pembridge Resources plc (LON: PERE), the AIM listed natural resource exploration and development company, announces that trading in its shares on AIM was suspended at 7.30am this morning pursuant to AIM Rule 15.
In accordance with AIM Rule 41, if the shares are suspended for a period of six months, and the Company is unable to successfully list on the Standard Segment of the Official List before that time, the Company’s listing on AIM will automatically be cancelled.
Following the announcement on 22 May 2017, the Company is pleased to report that it has made considerable progress towards listing on the Standard Segment of the Official List. A draft prospectus was submitted to the UKLA and the Company has received and replied to initial comments on the document. We are confident that, subject to regulatory and shareholder approvals, Admission will occur following a general meeting which is expected to be held before mid-July, well within the permitted suspension period. Further updates will be provided as appropriate.
Shareholders should note that Admission to the Official List and trading on the Standard Segment of the London Stock Exchange’s Main Market for listed securities requires a number of regulatory approvals and approval of the UK Listing Authority. Shareholders should be aware that there can be no certainty that the Company will be able to successfully list on the Standard Segment of the London Stock Exchange.
